Gold closes higher as dollar falters, with focus on Fed decision

Gold prices rose today, benefiting from uncertainty and caution for the Federal Reserve decision and the US dollar's tilt lower.

The US Federal Reserve will unveil today on the interest rates, with most forecasts to keep it unchanged between 1.75% and 1.50%.

The decision will be followed by Fed Chair Jerome Powell's speech about economic outlook and latest developments in the domestic and global arenas.

Otherwise, the dollar index held against a basket of currencies at 97.3 points as of 18:58 GMT, and hit an intraday high of 97.6 and a low of 97.03.

Gold futures (February delivery) rose by 0.5% to close at $1,475 an ounce, with a high of $1,477 and a low of $1,466.9.